THE Trendline
Updated
Has anyone else noticed how important this trend-line is? Algos are playing with it and trying to trick bulls - breaking up intraday today. No doubt this is a major trend-line and won't get broken without a fight from the bulls. We could get more follow through next week on the upside. But IMO this is a technical rebound and not underpinned by very fundamental reasoning. I am still bearish and hope to sell more into next week.
Note
See how we hugged that line on the hourly today!?
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